IC Group International: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IC Group International
Largest movements
- Receivables within one year +€16,306
up €16,306 (+359.4%), from €4,538 to €20,843
of which Trade receivables: +€16,296
- Cash -€15,256
down €15,256 (-50.3%), from €30,328 to €15,071
mainly Receivables within one year (-€16,306) and Other debts (-€13,867)
- Tangible fixed assets -€9,077
down €9,077 (-27.9%), from €32,585 to €23,508
- Deferred charges and accrued income +€1,047
new in 2025: €1,047
- Other debts -€13,867
down €13,867 (-25.3%), from €54,869 to €41,002
- Trade debts +€8,066
up €8,066 (+50601.0%), from €16 to €8,082
- Tax, wage and social debts -€1,109
down €1,109 (-32.3%), from €3,431 to €2,323
- Gross operating margin +€7,605
up €7,605 (+161.4%), from €4,711 to €12,316
- Depreciation +€6,105
up €6,105 (+185.5%), from €3,292 to €9,397
- Taxes +€1,272
new in 2025: €1,272
- Financial charges +€978
up €978 (+183.5%), from €533 to €1,511
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,730 | €61,430 | -€7,300 | -10.6% |
| Formation expenses | 20 | €1,280 | €960 | -€320 | -25.0% |
| Fixed assets | 21/28 | €32,585 | €23,508 | -€9,077 | -27.9% |
| Tangible fixed assets | 22/27 | €32,585 | €23,508 | -€9,077 | -27.9% |
| Furniture and vehicles | 24 | €32,585 | €23,508 | -€9,077 | -27.9% |
| Current assets | 29/58 | €34,865 | €36,962 | +€2,097 | +6.0% |
| Amounts receivable within one year | 40/41 | €4,538 | €20,843 | +€16,306 | +359.4% |
| Trade receivables | 40 | €4,538 | €20,833 | +€16,296 | +359.1% |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €30,328 | €15,071 | -€15,256 | -50.3% |
| Deferred charges and accrued income | 490/1 | - | €1,047 | +€1,047 | |
| Total equity and liabilities | 10/49 | €68,730 | €61,430 | -€7,300 | -10.6% |
| Equity | 10/15 | €10,414 | €10,023 | -€391 | -3.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €23 | +€23 | |
| Distributable reserves | 133 | - | €23 | +€23 | |
| Profit (loss) carried forward | 14 | €414 | €0 | -€414 | -100.0% |
| Amounts payable | 17/49 | €58,316 | €51,406 | -€6,910 | -11.8% |
| Amounts payable within one year | 42/48 | €58,316 | €51,406 | -€6,910 | -11.8% |
| Trade debts | 44 | €16 | €8,082 | +€8,066 | +50601.0% |
| Suppliers | 440/4 | €16 | €8,082 | +€8,066 | +50601.0% |
| Taxes, remuneration and social security | 45 | €3,431 | €2,323 | -€1,109 | -32.3% |
| Taxes | 450/3 | €3,431 | €2,323 | -€1,109 | -32.3% |
| Other amounts payable | 47/48 | €54,869 | €41,002 | -€13,867 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,292 | €9,397 | +€6,105 | +185.5% |
| Other operating charges | 640/8 | €472 | €528 | +€56 | +11.9% |
| Gross operating margin | 9900 | €4,711 | €12,316 | +€7,605 | +161.4% |
| Operating profit (loss) | 9901 | €947 | €2,391 | +€1,444 | +152.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €533 | €1,511 | +€978 | +183.5% |
| Recurring financial charges | 65 | €533 | €1,511 | +€978 | +183.5% |
| Profit (loss) for the period before taxes | 9903 | €414 | €881 | +€467 | +112.7% |
| Income taxes | 67/77 | - | €1,272 | +€1,272 | |
| Profit (loss) for the period | 9904 | €414 | -€391 | -€805 | |
| Profit (loss) for the period to be appropriated | 9905 | €414 | -€391 | -€805 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.